Kitchen remodels on the rise from 2010

HACKETTSTOWN, NJ — The National Kitchen & Bath Association (NKBA) released the results of the Kitchen & Bath Market Report for the third quarter of 2011, reflecting a rise in showroom traffic and an increase in kitchen remodels from one year ago. Although the number of bathroom remodels declined from the second quarter, results show a significant increase over the bathroom sales of a year ago.

“Although optimism seems to be taking a hit, the numbers today from a year ago are encouragingly higher, ranging in increase from 4 to 85% higher on various points,” stated Bill Darcy, Executive Vice President of the NKBA. “The volatility of the third quarter is balanced by the overall increased consumer traffic, sales volume and remodeling prices in the past year.”

The NKBA Kitchen & Bath Market Index (KBMI), which measures the confidence of kitchen and bath dealers on a scale of -60 to +60, is at +9 for the third quarter, showing that kitchen and bath dealers expect only slight growth in the market through the following quarter.

The NKBA KBMI is determined by averaging expectations of NKBA member kitchen and bath dealers during the next quarter based on expected increases (+1), decreases (-1) or no change (0) in each market condition. That total is divided by the number of dealers surveyed and multiplied by 10, which gives the KBMI a range of -60 (pessimistic) to +60 (optimistic). The NKBA KBMI surveys approximately 150 kitchen and bath dealers across North America each quarter, and the results are as follows:

Showroom visits

• Up 8% from previous quarter; up 42% from previous year

• 33% anticipate an increase in Q4; 14% anticipate a decrease


Kitchen remodel sales

• Volume is down 6% from previous quarter; up 36% from previous year

• 36% anticipate an increase in Q4; 13% anticipate a decline


Kitchen remodeling prices

• Up 7% from previous quarter; up 16% from previous year

• 14% anticipate an increase in Q4; 14% also anticipate a decline


Bathroom remodel sales volume

• Down 9% from previous quarter; up 85% from previous year

• 35% anticipate an increase; 10% anticipate a decline


Bathroom remodeling prices

• Up 30% from previous quarter; up 16% from previous year

• 18% anticipate an increase; 9% anticipate a decline


Kitchen and bath revenue

• Up 4% from previous quarter; up 69% from previous year

• 32% anticipate an increase; 15% anticipate a decline

Did you enjoy this article? Click here to subscribe to Stone World 

You must login or register in order to post a comment.



Image Galleries

StonExpo 2015 Product Showcase

Check out the latest products from the StonExpo trade show.

Stone World Magazine

Stone world march 2015 cover

2015 March

As part of the SW March 2015 issue, check out a feature article by editor Jennifer Adams about the 2015 StonExpo/Marmomacc Americas trade show

Table Of Contents Subscribe

Contemporary Stone & Tile Design Magazine

CSTD Winter 2015 cover

2015 Winter

This issue of Contemporary Stone & Tile Design features the Tile of Spain design awards. Also highlighted in this edition is the Ceramics of Italy Tile Competition — sponsored by Confindustria Ceramica (the Italian Association of Ceramics) and the Italian Trade Commission

Table Of Contents Subscribe


Are you aware of the new stone standard – ANSI/NSC 373 Sustainability Assessment for Natural Dimension Stone?
View Results Poll Archive

The Stone World Store

How to Polish & Restore Marble Flooring

This video will show you step-by-step how to resurface and polish marble flooring from grinding and removing lippage and scratches to achieving a highly reflective polish.

More Products

Stone Industry Education

Stone Industry Education

From marketing and much more!  We provide natural stone professionals with stone knowledge and education they can count on, as well as great networking opportunities. Click here to go to Stone Industry Education.


facebook logo Twitter  YouTubeGoogle+

Stone Guide 2014

2014 Stone World Stone Guide

The directory for Stone, Equipment and Supplies - the single information resource readers turn to.